It starts with a Google search. Then you can break it down to what aspect of FinTech interests you the most. Then you can begin a deep dive, and determine where you want to be with it – Fintech Job, develop a fintech product, work on a blockchain project, etc. There is much to learn before you can effectively execute.

Fintech is Booming; Smartphone banking apps, peer to peer cryptocurrencies, Blockchain technology – all these and more are making up the new Fintech environment. Fintech can enhance or eliminate your job, change the way you do business, and automate financial transactions with complete transparency and roll-back. Learning the basics will help you navigate the waters in the new Fintech world!

Understanding Fintech and what it can mean for your business, job, or financial literacy will increase your value and guide future decisions. Best of luck with Fintech in your future!

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Buying ICO’s and altcoins are like investing in IPO’s and Penny stocks.

Lots of potential reward, but real risk that you may lose up to all your investment. Many ICO’s are for coins that have no practical use (you can’t buy anything with them) – only an investment value that may plummet at any time. For Example, Bitcoin can be used to purchase goods and services from many established companies. Altcoins need to be on exchanges, where they can have a value equal to Bitcoin (BTC) and other coins, so the altcoins can be traded.

If the ICO price is low, You may want to accumulate some over time – adding to your position (or abandoning it) as your comfort level permits. Going “ALL IN” my be fun, but figuring where to start taking profit is a mystery, and many investors have watched their value climb, and then plummet, with little warning. Remember, any profit is good profit.

I strongly recommend that you don’t mortgage your house or max out your credit cards to invest in such unstable securities. Keep your head, study the market, invest with Money you can Afford To Lose. Some people use their Bitcoin profit to invest in Altcoins. Some altcoins have a social component, or are mined to benefit causes, like veterans (see Globalboost). If you are actively mining, see this Mining Profitability Calculator.

Greetings and welcome to the Bitcominmoneyman blog!

Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency.” (from Wikipedia)
Bitcoin is a “Peer-to-Peer” digital currency, which means individuals can transfer Bitcoin to and from their digital wallets without fees or regulation by banks or governments. Since Bitcoin is available globally, it is outside of the fiat currency controls of any one government.

This is why most bankers and Governments openly criticize Bitcoin – They can’t control or make money from it.Here are some books on Bitcoin, for more detailed reading (much more detailed than this blog):

Now that we have a base understanding of Bitcoin and the Blockchain, You can get your own digital wallet (even if you don’t have Bitcoin – yet). My preferred method is Coinbase. Here is my referral link: Bitcoin & Ethereum Wallet. This link sends you to a Bitcoin sign up page. (Pardon my shameless promotion).
Coinbase allows you to link your bitcoin to your traditional credit card and bank accounts, and will sell you Bitcoin directly – and allows you to sell your Bitcoins with the Coinbase wallet or application.

All rights reserved by Alan Chenkin & Primrose Path LLC. Remember to give credit to the author and any cited works. Some links are promoted so the author can maintain his Starbucks coffee habit. If you enjoyed this blog, please feel free to share .This Blog was Human-generated by the author, and not produced by a Russian blog Engine.

If you enjoyed this blog, please feel free to share and send some bitcoin in appreciation to my Bitcoin Address: